Site icon Passive Real Estate Investment | Casmon Capital Group | United States

How to Underwrite Multifamily Apartments with Rob Beardsley

Multifamily Investing Coaching , Multifamily Apartments

Analyzing multifamily apartments can be overwhelming for new investors. It can even be a challenge for some seasoned investors. As Rob Beardsley was starting out, he could not find good resources on the multifamily underwriting process. This led Rob to pen The Definitive Guide to Underwriting Multifamily Acquisitions to help others.

Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital. They have over $100 million in units under management. Rob shares some of the key inputs to review when considering passive investment opportunities. In this episode, he shares his thoughts and guidance on underwriting cap rates, rent growth, rehab schedules, and lending.


Partner: Join Us for the Virtual Midwest Real Estate Networking Summit on July 25 and 26 – Use Promo Code “MW2020”

Key Takeaways:

Underwriting is more art than science and is the most complicated part of real estate investing

Partner: Download our Sample Deal Package


Bullseye Tips:

Apparent Failure:

Bought a poorly occupied deal that needed a lot of work which required a repositioning of the tenant base. He underestimated the fact that when you change the demographics, you’re not going to go linear from 70% to 90% occupied. It will be more like from 70% to 50% and then up to 90%.

Digital Resource

Loan Star Resources

Most Recommended Book:

Investing in Real Estate Private Equity (Sean Cook)

Daily Habit:

Writes in his journal: What he is grateful for and his goals and tasks for the day.

Wish I Knew When I Was Starting Out:

Do your due diligence, and do it exhaustively.

Current Curiosity:

What the hospitality industry will look like coming out of COVID19

Best Place to Grab a Bite in New York, NY

Kuu Ramen

Contact Rob:

Loan Star Capital

Podcast: The Capital Spotlight

Exit mobile version